The former Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, is currently facing serious scrutiny over how billions of dollars meant for Nigeria’s …
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Nigeria’s bond demand declines amid rate hike worries
Nigeria’s bond market is currently facing serious challenges as investor interest has dropped due to fear of rising interest rates and uncertainty in the economy. The Central Bank of Nigeria, …
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CBN cuts Ways & Means by 59% in boost for reforms
The Central Bank of Nigeria (CBN) has reduced its Ways and Means advances to the Federal Government by 59 percent, signalling a new phase of fiscal discipline under the leadership …
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Oil Companies Record Sharp Profit Drop as Global Prices Fall, Nigeria’s Economy Feels the Heat
Major oil companies around the world have recorded sharp drops in profit in the first quarter of 2025, as the fall in global oil prices and rising production costs continue …
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NASSI Partners Dangote Group to Boost Investment in Nasarawa State
The Nasarawa State Chapter of the Nigeria Association of Small-Scale Industrialists (NASSI) has entered into a partnership with Dangote Industries Limited to explore new investment opportunities and boost industrial development …
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Govt delists CNG conversion centre over sharp practices
The Presidential Initiative on Compressed Natural Gas (PCNGI) has removed one of its key conversion partners, Charles Goriola Yakub of C & L Smart Energy Limited, over what it described …
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FG Launches Creative Economy Development Fund to Support Nigerian Creatives, Opens Applications
The Federal Government has launched a new funding programme called the Creative Economy Development Fund (CEDF) to support people working in Nigeria’s creative sector. The fund was introduced by the …
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Tinubu to Meet Power Firms as FG Moves to Tackle N4tn Electricity Sector Debt Crisis
President Bola Tinubu is expected to meet with the leadership of Nigeria’s power-generating companies (GenCos) in a high-level intervention aimed at addressing the N4tn debt threatening the country’s already fragile …
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Aviation Union Raises Alarm Over Safety, Revenue Cuts, and Labour Concerns
The President of the National Union of Air Transport Employees (NUATE), Ben Nnabue, has warned that the continued deduction of 50 per cent from the internally generated revenue (IGR) of …
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Nigeria Not in Hyperinflation – Financial Reporting Council Insists
The Financial Reporting Council of Nigeria (FRC) has said that Nigeria’s economy cannot be classified as hyperinflationary, despite rising inflation and concerns raised by the International Monetary Fund (IMF) and …